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How are holidays worked out when you get more than state min?
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tightauldgit said:getmore4less said:penners324 said:As a payroll person I'd calculate 25/12 x number of months into the year.
Bank Holidays get ignored
There are statutory calculations that need to be followed.
That approach could fall short.
Only using 25 days and months can fall short.0 -
Recovery of overpaid statutory holidays requires a clause in the contract.
A company is not legally entitled to deduct excess holiday payments without that clause.0 -
tightauldgit said:getmore4less said:penners324 said:As a payroll person I'd calculate 25/12 x number of months into the year.
Bank Holidays get ignored
There are statutory calculations that need to be followed.
That approach could fall short.
So the calculation in question (25/12 x months worked) would not be allocating the statutory allowance. The BHs have to be considered. Whether ultimately a person was given the statutory allowance would depend on when the BHs occurred and whether or not they were worked.0 -
beckysheffield said:TELLIT01 said:I certainly wouldn't assume that the holiday entitlement is rounded up to the next full day. The company might even break it down to the nearest hour.If you get sat min I’m pretty sure I read they have to round up.The policy just says our system will calculate it….but doesn’t state how.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0
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getmore4less said:Recovery of overpaid statutory holidays requires a clause in the contract.
A company is not legally entitled to deduct excess holiday payments without that clause.0
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